Liebe zeit
Silver Member
Our band needed a PA system. So I bought one. I can afford it but it's not cheap, obviously.
I'm wondering what to do with it re ownership. It seems to me there are 4 options:
A) I own it. Period. The band gets to use it whenever we need it.
B) The band pays me back from gig fees til it's all paid then it belongs to the band.
C) As B but the band pays say 50% and ownership is split.
D) I own it and the band pays me rental at a very good rate, say £20 a gig, for an agreed period then it's free.
A and D are the simplest in terms of ownership. The band has 7 or 8 members and has had some turnover. I don't want property disputes occurring in the future.
Obviously D is most attractive to me as I get some payback on my outlay. But as a band we're a friendly amicable bunch and I don't want to chisel them.
Anyone been in a similar boat? What were your experiences/solutions?
It's "my" band, btw. I started it etc, and am bandleader to a large extent.
I'm wondering what to do with it re ownership. It seems to me there are 4 options:
A) I own it. Period. The band gets to use it whenever we need it.
B) The band pays me back from gig fees til it's all paid then it belongs to the band.
C) As B but the band pays say 50% and ownership is split.
D) I own it and the band pays me rental at a very good rate, say £20 a gig, for an agreed period then it's free.
A and D are the simplest in terms of ownership. The band has 7 or 8 members and has had some turnover. I don't want property disputes occurring in the future.
Obviously D is most attractive to me as I get some payback on my outlay. But as a band we're a friendly amicable bunch and I don't want to chisel them.
Anyone been in a similar boat? What were your experiences/solutions?
It's "my" band, btw. I started it etc, and am bandleader to a large extent.